Dakota Gold Shares Fall After Share Offering

Dow Jones

21 Mar

By Katherine Hamilton

Dakota Gold shares fell after the company priced its stock offering.

The stock declined 13% to $2.67 in pre-market trading Friday. Shares have gained 42% over the past three months.

The Lead, S.D., gold exploration-and-development company said late Thursday it would publicly offer 12.4 million shares for about $35 million in gross proceeds. That is equivalent to about $2.82 a share.

The offering is expected to close Monday.

Dakota Gold is also offering underwriters the option to purchase about another 1.9 million shares, representing up to 15% of the number of shares to be sold in the offering.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 21, 2025 08:51 ET (12:51 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares have gained 42% over the past three months. \n\n\n  The Lead, S.D., gold exploration-and-development company said late Thursday it would publicly offer 12.4 million shares for about $35 million in gross proceeds. That is equivalent to about $2.82 a share. \n\n\n  The offering is expected to close Monday. \n\n\n  Dakota Gold is also offering underwriters the option to purchase about another 1.9 million shares, representing up to 15% of the number of shares to be sold in the offering. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 21, 2025 08:51 ET (12:51 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1}}}

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